Nasdaq 100 Retreats Shortly After Eclipsing Nov ’21 Record, S&P 500 Comes Close Jan ’22 Peak

Nasdaq 100 Retreats Shortly After Eclipsing Nov ’21 Record, S&P 500 Comes Close Jan ’22 Peak

Equities stumble out of the 2024 blocks. In the final sessions of December, the major US indices had either just broken out to new highs or were close to doing that.FreepikIt remains to be seen if the weakness since late December is just a short-term unwinding of the overbought conditions that had built up or […]
Insiders Are Bailing Out…

Insiders Are Bailing Out…

He that would run his company on visible figures alone will soon have neither company nor visible figures to work with. ~ W. Edwards Deming FreepikIn this week’s Dirty Dozen [CHART PACK] we talk about speculators buying the dip in Qs along with that means for this selloff. We then discuss the very high insider sell ratio, look […]
Boeing & Spirit AeroSystems Shares Plunge After Max 737-9 Max Door Blowout Incident

Boeing & Spirit AeroSystems Shares Plunge After Max 737-9 Max Door Blowout Incident

Boeing shares tumbled in pre-market trading in New York after an emergency door separated from an Alaska Airlines 737-9 Max jet over Portland on Friday evening, forcing the Federal Aviation Administration and European Union Aviation Safety Agency to ground the jets for inspections. Bloomberg Intelligence’s George Ferguson and Melissa Balzano believe the mid-cabin exit door that ripped off […]
The S&P 500 Retreats In First Trading Week Of 2024

The S&P 500 Retreats In First Trading Week Of 2024

The S&P 500 (SPX) retreated 1.5% in the first trading week of 2024. The index closed out the week at 4,697.24.FreepikThe index remains just 2.1% below its 3 January 2022 all-time high closing value of 4,796.56. Which is to say the S&P 500 is still just an interesting* day of trading away from potentially setting a […]
Macro Briefing: Monday, Jan. 8, 2024

Macro Briefing: Monday, Jan. 8, 2024

Image Source: PexelsHere is a brief overview of various economic factors that may play a part in the day’s trading. House and Senate leaders announce deal to avert government shutdown Expected decline in US core inflation for December supports Fed easing outlook China shadow bank Zhongzhi files for bankruptcy Will Xi’s new economic plan for China trigger a new trade war? US payrolls rose more than […]
Lows Hold As A Swing Low Takes Shape

Lows Hold As A Swing Low Takes Shape

Image Source: PexelsMarkets managed to hold on to early lows without the selling pressure seen earlier in the past week. While the buying was relatively modest, it still wasn’t enough to see a return above 20-day MAs for indices, although there is a good chance for a second bite of the cherry this week.For the Russell 2000 (IWM) […]
German Trade Rebounds In November

German Trade Rebounds In November

German trade finally rebounds, but a very weak increase in industrial orders shows that the economy is still far from a substantial recovery.FreepikWhile the country prepares for a week of farmers’ protests and train strikes, this morning’s macro data bring some relief. German exports rebounded in November and increased by 3.7% month-on-month, from -0.4% MoM […]
Perspective On A New Year

Perspective On A New Year

I’m back! I took most of the month of December off, as I do every year, to do some thinking. Per the title of this essay, the purpose of these year-end musings is to gain some perspective. In the day to day, week to week, movements of the markets it is easy to forget that […]
Daily Market Outlook: Monday, January 8 
                    
 
 
 
 

Daily Market Outlook: Monday, January 8        

Munnelly’s Market Minute… FreepikIn Asia, stocks experienced a gradual decline following a quiet start, influenced by post-data market volatility in the US and the absence of Japanese participants due to Respect for the Aged Day. The markets are eagerly anticipating key inflation data releases later this week. The Hang Seng and Shanghai Composite were under pressure […]
U.S. Dollar/Swiss Franc – 4 Hour Chart Elliott Wave Technical Analysis, Monday, January 8

U.S. Dollar/Swiss Franc – 4 Hour Chart Elliott Wave Technical Analysis, Monday, January 8

USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, Monday, January 8FreepikU.S. Dollar/Swiss Franc (FXF) 4 Hour ChartUSDCHF Elliott Wave Technical AnalysisFunction:   TrendMode: corrective as wave 4  Structure: blue wave b of 4Position:  Red wave CDirection Next Higher Degrees: blue wave C of 4Details: blue wave 5 of 3 completed at 0.83335 . Now blue […]